Asian markets settled mostly higher on Monday tracking Wall Street’s gains last Friday as in-line US inflation data reinforced expectations of further rate cuts by the Federal Reserve. The US Personal Consumption Expenditures Price Index showed that Core inflation rate held at 2.9% in August on an annual basis, the same as July and in line with predictions. Chinese shares gained as rebound in Chinese industrial profits suggested the economy is stabilizing amid robust policy measures, while expectations of further stimulus from the People's Bank of China also bolstered market sentiment. Hong Kong shares surged ahead of China factory activity data due on Tuesday and the upcoming eight-day Golden Week holiday in China. However, Japan's Nikkei bucked the regional trend to close lower as numerous stocks went ex-dividend and investors became cautious ahead of the ruling Liberal Democratic Party’s leadership vote.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,862.53 | 34.42 | 0.90 |
| Hang Seng | 26,622.88 | 494.68 | 1.89 |
| Jakarta Composite | 8,123.24 | 23.91 | 0.30 |
| KLSE Composite | 1,610.95 | 1.90 | 0.12 |
| Nikkei 225 | 45,043.75 | -311.24 | -0.69 |
| Straits Times | 4,269.98 | 4.00 | 0.09 |
| KOSPI Composite | 3,431.21 | 45.16 | 1.33 |
| Taiwan Weighted | -- | -- | -- |
